Structures available in Guernsey include limited partnerships, companies, unit trusts and incorporated and protected cell companies. Fund structures established or incorporated in other jurisdictions, including Special Purpose Vehicles, may be administered with the appropriate regulatory approvals. This regulatory flexibility offers promoters a variety of options when selecting Guernsey as an administration base for their funds.

Malta domiciled schemes

The popular structure in Malta for Collective Investment Schemes is the SICAV, which benefits from a variable capital framework and the possibility of establishing sub funds within the structure. In addition, limited partnerships, investment companies, contractual funds and trusts are often used.

UK Domiciled schemes or investment related entities

Typical structures utilised in the UK include corporates, limited partnerships, limited liability partnerships and unit trusts. The UK fund industry often see both public and private corporate investment vehicles, with public vehicles often being structures as Real Estate Investment Trusts (“REITs”), Investment Trust Companies (“ITCs”) or Venture Capital Trusts (“VCTs”), thus they enjoy certain tax benefits as long as the company meets certain conditions applicable to the relevant structure.